Funding Rate Update:
🔸 As the Crypto market experience, a downfall with the S&P 500, funding rates on exchanges has become short-central.
🔸 Major shorts have risen to their greatest levels in a month in both Bitcoin and altcoins.
🔸 A bounce can occur if there is too much FUD creating a short squeeze
Source
🔸 As the Crypto market experience, a downfall with the S&P 500, funding rates on exchanges has become short-central.
🔸 Major shorts have risen to their greatest levels in a month in both Bitcoin and altcoins.
🔸 A bounce can occur if there is too much FUD creating a short squeeze
Source
BTC Realized Loss in USD
🔸 The last three consecutive days have been the largest USD denominated Realized Loss in #Bitcoin history.
🔸 Over $7.325B in $BTC losses have been locked in by investors spending coins that were accumulated at higher prices.
🔸 The last three consecutive days have been the largest USD denominated Realized Loss in #Bitcoin history.
🔸 Over $7.325B in $BTC losses have been locked in by investors spending coins that were accumulated at higher prices.
The #Bitcoin Hash Price has reached an all-time-low of $66,500 per Exahash.
This means that $BTC miners are earning the smallest reward relative to hashpower applied in history, and likely puts the industry under extreme income stress.
Live Chart and Miner Capitulation Dashboard
This means that $BTC miners are earning the smallest reward relative to hashpower applied in history, and likely puts the industry under extreme income stress.
Live Chart and Miner Capitulation Dashboard
The entire 13+ year transaction history of the #bitcoin network fits on a $50 hard drive.